There’s many questions one could ask their insurance professional, but having to think of the most common question asked, there’s one that always comes to mind. Maybe it’s the fact that if you’re on the road enough, the odds are not in your favor. Or maybe it’s fact that quotas have to be met and there’s always easy prey. Nevertheless it’s quite common to ask “will my auto insurance go up if I get a speeding ticket?”.
There’s no one answer fit’s all scenarios here. Each of us have a driving history that determines the rates we qualify for, amongst other variables. The better your driving history, the less likely a speeding ticket will matter.
If you’re a preferred auto customer, meaning you have a great driving history, there’s not much to worry about. Chances are your rates won’t rise much, if at all. On the other hand if you carry a standard auto policy because of your shaky driving past, you can expect to see an increase in price on your next renewal, most likely. Keep in mind that it can take a renewal or two to actually see the increase, depending on the occurrence and renewal date.
Auto insurance companies have access to your DMV reports via CLUE and are able to see a history usually ranging from 3-5 years. Unfortunately there’s not a way to lie your way out of it, or pretend it does not exist. Yes, there can be errors from time to time, but sooner or later, they will know.
It’s proven fact that speeding tickets make you a bigger risk to the insurance company. The more risky you become in the eyes of the insurance company, the more likely you are to be involved in a auto accident, and the more you will have to pay. However there’s one thing you can control.
The good news out of all this is that even if you see an increase on your next renewal due to a speeding ticket, you have the ability to shop your auto insurance. Obtain quotes from at least three carriers, 30 days before you renew. This gives you plenty of time to switch if needed.